DAILY NEWS: OUR PICKS


Indian industry has by and large put in place systems and procedures for ensuring smooth transition of stewardship at the top. This advantage is not available for the political parties which decide the direction of governance and the legislative and executive hierarchy of India   Two...

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Moneylife Digital Team 14 March 2013
The PIO's rejection was completely wrong since there is nothing in the law or the rules preventing more than one citizen from submitting an RTI application, ruled the CIC. This is the 56th in a series of important judgements given by former Central Information Commissioner Shailesh Gandhi...

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Cora Currier (ProPublica) 14 March 2013
The White House announced 17 pardons on Friday. But Obama has still granted clemency at a lower rate than his predecessors On Friday, President Obama pardoned 17 people. But despite the new pardons, the Obama administration has still granted clemency more rarely than any president in...

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Moneylife Digital Team 14 March 2013
While Moneylife exposed how a MoF official asked govt banks to emulate HDFC Bank, Cobrapost exposes HDFC Bank helps money laundering! According a sting operation conducted by online magazine Cobrapost, HDFC Bank, ICICI Bank and Axis Bank, three of India's top private sector lenders, are...

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While ROE is the most important metric, here are a few more numbers to consider before selecting stocks to buy   I n a previous column, I had written about the importance of return on equity (ROE) and the fact that most MNCs have delivered on this front. The ROE approach helps us filter...

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Moneylife Digital Team 13 March 2013
Credit Suisse expects the supply glut pressure to ease up, with north India benefitting the most from the accretive price increase in cement. However risks like paying the penalty of $1.2 billion levied by CCI and government support remains  When the infrastructure boom was happening...

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The high-level meeting of Pune Passport Grievance Forum with senior-most officials of Tata Consultancy Services organised by Moneylife Foundation at its Mumbai office has raised some hopes for the generally harassed passport applicant    Tata Consultancy Services’ (TSC’s)...

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Moneylife Digital Team 13 March 2013
The FAA of ESIC wrongly denied information using Section 7(9) of the RTI Act. However, during the hearing before the CIC, the PIO agreed to allow the appellant to inspect transfer records and take photocopies of 10 selected documents. This is the 55th in a series of important judgements given...

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Moneylife Digital Team 13 March 2013
Though investments in tax-saving schemes increased over the previous month, sales of other schemes declined leading to a net outflow of Rs163 crore in February Equity mutual schemes have not witnessed a single month of inflow over the last nine months. The months of December 2012 and...

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Moneylife Digital Team 13 March 2013
Getcashforsurveys.com claims to provide thousand dollars a month by just filing online surveys once you pay its registration fee. However, according to ScamXposer, many companies like GetCashforSurveys are just collecting your personal data to sell to third parties Almost two years after...

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Tyres from sports utility vehicles add significant costs to your car maintenance Afriend of mine, who had bought one of those extremely popular low-cost utility vehicles masquerading as ‘sports utility vehicles’ (SUVs), learnt his lesson when it came to changing tyres. First of all,...

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The Companies Bill will be given more teeth with Special Courts and Mediation Panel One of the major weaknesses of the Companies Act, 1956 (the Act) is the excruciatingly slow prosecution process which gets further compounded by the equally slow legal process of the courts. For all...

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Moneylife Digital Team 12 March 2013
Nifty will now move sideways in the range of 5,880-5,980 The market settled lower as the economic indicators released today dashed hopes of the Reserve Bank of India (RBI) cutting rates in its policy review next week. The Nifty will now move sideways in the range of 5,880-5,980. The...

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Moneylife Digital Team 12 March 2013
The union government has so far been maintaining that the order set out in the Table of Precedence is meant only for State and ceremonial occasions and has no application in the day-to-day business of the government. However, it is used daily by all the VIPs and VVIPs ignoring the hardships...

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Moneylife Digital Team 12 March 2013
The PIOs failed to provide information within the stipulated time and the Govt of NCT Delhi uploaded the DP Bill on its website only when the RTI applicant filed a complaint before the CIC. This is the 54th in a series of important judgements given by former Central Information Commissioner...

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Moneylife Digital Team 12 March 2013
Nomura has come up with its fortnight valuation monitor and finds that forward Sensex PE is at 13.3x after a minor downgrade in EPS. Earnings for Sun Pharmaceuticals, NTPC, Power Grid Corporation, GAIL and UltraTech Cement have been upgraded Nomura Equity Research (Nomura) has come out...

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Vrinda Bagaria 12 March 2013
Though the remedies provided under the statute and the powers conferred to special authorities are exhaustive in nature, civil courts can exercise jurisdiction with respect to a particular matter, unless expressly or impliedly excluded from doing so The issue of jurisdiction is a...

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How will the economy respond when the RBI when reduces rates further in the coming months? If the inflation does not go up, it will provide substance to RBI’s view. Till that time it is more of wait and watch The “New Normal Inflation” debate has been reignited by the RBI (Reserve Bank...

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Tracy Weber  and   Charles Ornstein (ProPublica) 12 March 2013
New data show drugmakers' payments to hundreds of thousands of doctors in the US, and some have made well over $500,000 Update Mar. 11, 2013, 4:55 pm: This post has been updated to reflect a response by Dr. Vladimir Maletic to questions from ProPublica.   Dr. Jon W. Draud, the...

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Moneylife Digital Team 11 March 2013
In one representative case it was revealed how officers from the MCD kept pushing papers from one desk to another for over three years without any productive work. This is the 53rd in a series of important judgements given by former Central Information Commissioner Shailesh Gandhi that can be...

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